It seems the real problem here is
1) determining the amount of time
2) determining the interest rate
Using a loan payment calculator, http://www.1728.org/mortmnts.htm
we determine that $235,000.00 financed for 30 years at a 7.7215% interest rate yields a monthly payment of $1,678.94
When financing a mortgage, (for example 30 years) in the early years of the mortgage, the vast majority of the payment goes to interest.
So, for your first payment, of $1,678.94, the amount going to interest is $1,512.13 and the amount going to principal is $166.81.
Basically, after spending $1,678.94 on your first mortgage payment, you actually own (the equity) $166.81.
Answer:
B, E
Step-by-step explanation:
0 and 1.999 are greater than -2 yet within the number line
Answer:
True
Step-by-step explanation:
Hope this Helps!
Answer:
b) 1/4
The slope of the line is 1/4
A complex fraction is a fraction of a fraction
